Intercorp Financial Services Posts Record Q1 Net Income of $210M, NIM Widens 18 Bps
Intercorp Financial Services achieved record Q1 net income of $210 million, up 12.5% year-over-year. Loan portfolio expanded 14.8% and net interest margin widened by 18 basis points to 6.3%, while the nonperforming loan ratio remained at 2.1%.
1. Record Quarterly Profit
Intercorp Financial Services delivered a record net income of $210 million in Q1 2026, marking a 12.5% rise compared to the same quarter last year. Management highlighted strong fee income and efficient cost controls as key drivers behind the historic profit level.
2. Loan Growth and Margin Expansion
The bank’s loan portfolio grew 14.8% year-over-year, supported by increased demand in consumer and corporate segments. Net interest margin expanded by 18 basis points to 6.3%, reflecting higher yielding assets and optimized funding costs.
3. Asset Quality and Provisions
Nonperforming loans remained stable at 2.1% of total assets, underscoring disciplined credit underwriting. Provision expenses declined modestly, contributing to an improved return on equity above prior-year levels.